Name: Do you know about the new overdraft fees?
SKU: 7946
Price: 32.00 GBP
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Do you know about the new overdraft fees?

£32.00

This 466-word blog post discuss findings of research conducted by comparethemarket.com. It also looks at the new overdraft regulations by the Financial Conduct Authority. Written on 14 February 2020.

Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.

Category: Personal Finance.

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New rules for overdraft charges are coming into force in April.

According to research by comparethemarket.com, millions of people could unknowingly be paying extravagant overdraft fees.

From 6th April 2020, the Financial Conduct Authority (FCA) has introduced new regulations requiring banks to charge a simple annual interest for overdrafts, without additional fees and charges.

Therefore, fixed daily or monthly charges, and fees for having an overdraft facility are banned to make overdrafts simpler, fairer, easier to manage and compare.